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Caswell County approves fiscal‑year‑24 audit responses and tax releases; finance staff outlines controls to prevent recurring findings
Summary
Finance Officer Horton presented responses to FY‑24 audit findings; the board approved the financial performance indicators for submission to the State Treasury and voted to approve listed tax releases and refunds, while asking staff to continue implementing reconciliation and cash‑handling policies.
Caswell County commissioners approved the county’s responses to fiscal‑year‑2024 audit findings and accepted a set of tax releases and refunds at their Feb. 16 meeting.
Finance Officer Horton told the board the Financial Performance Indicators (FPICs) summarize how the county will address audit findings and will be submitted to the North Carolina State Treasury. Horton said the county has made progress reconciling accounts but continues to work on one central depository account; he outlined measures being implemented, including a check and cash‑handling policy and consistent month‑end close calendars to reduce future exceptions.
Commissioners questioned a recurring finding about unreconciled bank accounts and asked whether expenditures exceeded appropriations at year end could have been addressed through earlier budget amendments; Horton said in hindsight adjustments could have been made and that the Munis financial system now flags attempted out‑of‑balance postings.
The board moved to approve the FPIC responses and then approved the tax releases and refunds presented by the tax office. The tax office clarified that its system catches many overpayments automatically but that a small number of releases (including two items for property that did not exist in 2025) required manual action.
Next steps: finance staff will continue implementing the policies Horton described and will provide follow‑up as audit corrective actions are completed.
